02071cam a22002657 4500001000700000003000500007005001700012008004100029100001800070245018600088260006600274490004200340500001700382520082200399530006101221538007201282538003601354690010601390690009601496700001901592710004201611830007701653856003801730856003701768w10682NBER20150802172441.0150802s2004 mau||||fs|||| 000 0 eng d1 aRazin, Assaf.10aWelfare Migrationh[electronic resource]:bIs the Net Fiscal Burden a Good Measure of Its Economic Impact on the Welfare of the Native Born Population? /cAssaf Razin, Efraim Sadka. aCambridge, Mass.bNational Bureau of Economic Researchc2004.1 aNBER working paper seriesvno. w10682 aAugust 2004.3 aMigration of young workers (as distinct from retirees), even when driven in by the generosity of the welfare state, slows down the trend of increasing dependency ratio. But, even though low-skill migration improves the dependency ratio, it nevertheless burdens the welfare state. Recent studies by Smith and Edmonston (1977), and Sinn et al (2003) comprehensively estimate the fiscal burden that low-skill migration imposes on the fiscal system. However an important message of this paper is that in an infinite-horizon set-up, one cannot fully grasp the implications of migration for the welfare state, just by looking at the net fiscal burden that migrants impose on the fiscal system. In an infinite-horizon, overlapping generations economy, this net burden, could change to net gain to the native born population. aHardcopy version available to institutional subscribers. aSystem requirements: Adobe [Acrobat] Reader required for PDF files. aMode of access: World Wide Web. 7aF2 - International Factor Movements and International Business2Journal of Economic Literature class. 7aH3 - Fiscal Policies and Behavior of Economic Agents2Journal of Economic Literature class.1 aSadka, Efraim.2 aNational Bureau of Economic Research. 0aWorking Paper Series (National Bureau of Economic Research)vno. w10682.4 uhttp://www.nber.org/papers/w1068241uhttp://dx.doi.org/10.3386/w10682